Gates Launches Micro-V® Kit Conversion Campaign in EMEA Region

LUXEMBOURG CITY, July 10, 2024 — Gates (NYSE: GTES), a leading global provider of application-specific fluid power and power transmission solutions, launched the Micro-V Kit Conversion Campaign in EMEA Region. This strategic initiative aims to highlight the importance of regular inspection, the benefits of a full kit replacement over loose parts, and useful troubleshooting tips.

ONE FOCUS

Gates leads the European Aftermarket in Accessory Belt Drive System (ABDS) kits with unmatched coverage, range and OE heritage. In 1917, Gates developed the world’s first rubber V-Belt. In 1945, the company invented the first toothed timing belt and, in 1979, it created the multi-ribbed belt, revolutionising automotive transmission as we know it.

ONE SYSTEM

Each Gates Micro-V^® ABDS kit meets or exceeds OE quality, delivers design and reliability. Gates is one of the only manufacturers that produces both the belts and metal components, which are all precisely matched to work perfectly together, exactly as fitted in the factory.

Comprehensive Support Resources

The benefits and opportunities presented by the Micro-V Kit Campaign are presented and easily accessible via:

Gates.com: Detailed information and comprehensive guidance are available on the meticulously designed landing pages, accessible in multiple languages including English, French, German, Dutch, Italian, Turkish, and Spanish.
Tailored Video Series: Three specially curated videos for distributors and workshops emphasize the significant advantages of full kit replacement. These videos are accessible on the dedicated landing pages and via Gates official YouTube channel.
Tailor-Made Webinars: Exclusive webinars will be released in September 2024 and will focus on the Micro-V Kit conversion topic, offering an opportunity for in-depth exploration and discussion.

About Gates Industrial Corporation plc

Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers, and to original equipment manufacturers as specified components. For more than a century, Gates has pushed the boundaries of materials science to engineer products that exceed expectations in many sectors of the industrial and consumer markets. Our products play essential roles in a diverse range of applications across a wide variety of end markets, including industrial on-highway, industrial off-highway, mobility and recreation, automotive, energy and resources, as well as diversified industrial. Our products are sold in more than 130 countries across our four commercial regions: the Americas; Europe, Middle East & Africa; Greater China; and East Asia & India. More about Gates can be found at www.gates.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are related to and based on management's current expectations regarding the performance of the Company's business and its plans, objectives, and intentions. Such forward-looking statements are subject to various risks and uncertainties that could cause the Company's results to differ materially from those described in the forward-looking statements. Certain of these risks and uncertainties are discussed in the Company's Annual Report on Form 10-K for the fiscal year ended December 30, 2023, filed with the Securities and Exchange Commission (SEC). These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement should circumstances change, except as required by law.